Need Help?
Need professional advice for your consent to let with Hodge Life? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Examples of recent questions relating to Hodge Life consent to let
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I intend to let out my flat to some tenants who have asked me for a duplicate of my ‘consent to let’ from Hodge Life, my bank. Is this a standard request?
- me and my wife recently sorted our rates for another fixed period with Hodge Life. Subsequently, I attended an interview and basically I accepted the job offer in Camden. I'm going to rent a small flat for the family in Bexley as we don't want to sell the house whist there is a possibility that we come back within a couple of years.... We really don't know whether it will work out. We have contacted Hodge Life but we would appreciate your point of view please. Is it possible to have a consent to let in that case as we secured a fixed 5 years rate we would not want to swap this.
- To what extent do the letting agents we rented through owe us a duty of care to have ensured that the landlord had consent to let from Hodge Life?
- My husband is in the army and he has been posted overseas and as we want to move as a family we need 'Consent to let' from our lender Hodge Life. Can you help me?
- The prevailing mortgage is with Hodge Life, but I will soon to need move out for around a year as we need to be nearer to my partner's mum. Will Hodge Life give consent to let?
- My wife and I want to let our house out and use the rental income to pay rent on a house in Redbridge. What are the chances of being given consent to let by Hodge Life without being forced into a new rate.
- I am going away for work for as long as a year... I was wondering if I was able to procure from Hodge Life consent to let the house out while abroad as I am reluctant to leave it unattended for that period
- I have a mortgage with Hodge Life. I am thinking of moving out and letting out my house. Am I required to obtain consent to let ?
Find out more about how flying freeholds can affect the marketability of a property.
Important warnings to consider in supporting the above Hodge Life consent to let Questions and Answers
Tax and Legal
There may be various tax and legal (from restrictions on title, lease prohibitions to planning issues) implications when letting out your property. You should always seek the advice of a solicitor and accountant before letting out your property.
Insurance
Failure to inform your insurance company of your intention to let could invalidate your insurance or leave you under-insured.This means that you could be personally liable for any claim made against you. As a minimum you should ensure that you are covered for any third party liability in respect of injuries to your tenant whilst at your property
Leasehold properties
If your property is leasehold, the lease may prohibit you from letting or require that you to have a license to do so from the freeholder. If such terms are not adhered to you may be in breach of your covenants under the lease. This could trigger the freeholder commencing forfeiture proceedings.
Co-ownership
Failure to inform your co-owner of your intention to let could result in them commencing legal proceedings against you. Be sure to record their consent in writing.
If you do not keep up the payments on your mortgage with Hodge Life your property may be repossessed